Walter Hewlett Launches Road Show
To Argue Against H-P-Compaq Deal

By

Pui-Wing Tam and

Molly Williams Staff Reporters of The Wall Street Journal

Updated Jan. 7, 2002 2:24 a.m. ET

Hewlett-Packard Co. board member Walter Hewlett has begun a low-profile road show among institutional shareholders to make his case that H-P's proposal to buy Compaq Computer Corp., Dallas, shouldn't go through.

During the past three to four weeks, Mr. Hewlett and his financial advisers from Friedman Fleischer & Lowe LLC have visited more than 20 large institutional shareholders in New York and elsewhere on the East Coast, said Tully Friedman, chairman and chief executive of Friedman Fleischer & Lowe. Armed with a...